Jim Rogers - Jim Rogers: Oil could trade for $200

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Jim Rogers: Oil could trade for $200

Friday, October 09, 2009
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From 24/7 Wall Street:

One of the greatest hedge fund managers in history, Jim Rogers, insists that oil will move above $200 at some point during the bull market. He also sees the coming bubble in Treasuries bursting soon. Rogers commented that “the U.S. government bond market will be the next bubble to burst due to unsustainable borrowing,” during an interview with Reuters TV.

Rogers' argument is no different from that of most other commodities bulls. A rapid recovery in the global economy will hit oil supplies with unprecedented demand. Oil fields around the world...

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Topics:		Jim Rogers \| Energy \| Commodities

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